Azerbaijan's January-September GDP falls 3.9%October 17, 2016 - 18:05 AMT PanARMENIAN.Net - Azerbaijan's gross domestic product shrank by 3.9 percent year-on-year in January-September, Interfax news agency quoted the State Statistics Committee as saying on Monday, October 17. Economic growth slowed to 1.1 percent last year from 2.8 percent in 2014, well below official forecasts, because of low oil prices and the devaluation of the national manat currency, Reuters reports. The country forecasts 1.8 percent GDP growth in 2016. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Ucom launches network modernization efforts in few regions of Armenia In particular, on March 28, the legacy Mobile Switching Subsystem will be replaced with a new one. Baku: EU, U.S. share responsibility for Armenia’s “destabilizing actions” Azerbaijan has declared that the European Union and the United States will share responsibility for any destabilizing actions of Armenia Armenia to sing in 2nd semi-final of Eurovision The organizers of Eurovision 2024 have revealed the running order of the countries in the two semi-finals. Azerbaijan accuses Armenia of arming Karabakh after 2020 Azerbaijan has accused Armenia of “illegally transported ammunition” to Nagorno-Karabakh after the November 9 statement. |